NEXT at a glance
NextDecade Corp (NEXT, SEC CIK 1612720) filed its latest 10-K annual report on March 2, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on October 1, 2026 and Form 4 insider filings as recently as September 11, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), NextDecade Corp (NEXT) reported revenue of $0 and a net loss of $429.6 million. Diluted EPS was -$1.17.
- As of June 30, 2026, 30 institutional investment managers tracked by SignalX reported holding NextDecade Corp (NEXT) shares worth $360.8 million in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $0
- 10-K XBRL
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 30 funds
- $360.8M · −1 vs prior quarter
- Latest 8-K
- Oct 1, 2026
- Item 5.02
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Construction progress: Trains 1–2 74.0% complete; Train 5 worst at 9.4%
- First gas expected second half 2026; first LNG production expected first half 2027
- $3.5B senior secured notes issued; approximately $3.5B used to repay Phase 1 borrowings
- Headwinds: construction costs, financing needs, interest rates, permitting, LNG demand, and energy-market volatility
Risk Factors
- No material risk-factor changes from the December 31, 2025 Form 10-K
- Carried-forward project-execution risk for Rio Grande LNG construction
- Carried-forward financing and liquidity risk for LNG project development
- Carried-forward LNG market, pricing, and demand volatility
- Carried-forward regulatory and permitting risk affecting Rio Grande LNG operations
AI summary of the NEXT 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Giovanni Oddo resigned from NextDecade’s Board effective September 29, 2026
- Resignation not related to disagreements over operations, policies, or practices
Item 1.01: Entry into a Material Definitive Agreement
- Filing provides only NextDecade’s authorized signature and July 2, 2026 filing date
Item 1.01: Entry into a Material Definitive Agreement
- Filing contains only NextDecade’s signature block, not substantive Item 1.01 agreement terms
- No transaction value, counterparty, obligations, or strategic implications disclosed in provided text
AI summaries of NEXT 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for NEXT
Don't miss the next NEXT filing
- Alerts as it files. A push when NEXT files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut NEXT, by share count.
- Ask anything. An AI agent that reads every NEXT filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Skeik Tarik | F | Sep 9, 2026 | 7,732 | $7.54 |
| de Gyarfas Vera | F | Sep 9, 2026 | 15,463 | $7.54 |
| Schatzman Matthew K | F | Sep 9, 2026 | 69,583 | $7.54 |
| de Gyarfas Vera | A | Aug 31, 2026 | 132,625 | - |
| Boylston Luke | F | Aug 31, 2026 | 6,563 | $7.54 |
| Boylston Luke | A | Aug 31, 2026 | 23,872 | - |
| Schatzman Matthew K | F | Aug 31, 2026 | 135,928 | $7.54 |
| Skeik Tarik | F | Aug 31, 2026 | 18,043 | $7.54 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $0 | $0 |
| Operating Income | - | -$171.1M | -$225.9M |
| Net Income | -$221.6M | $277.4M | -$429.6M |
| Balance Sheet | |||
| Total Assets | $3.3B | $6.4B | $12.4B |
| Equity | - | $377.6M | $95.3M |
| ROE | - | 73.5% | -450.6% |
| Per Share | |||
| EPS | $-0.94 | $-0.24 | $-1.17 |
| Cash Flow | |||
| Operating CF | - | -$95.6M | -$169.4M |
| CapEx | $1.7B | $2.6B | $4.8B |
Source: XBRL data in NextDecade Corp (NEXT)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate NEXT share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 30 | $360.8M |
| Q1 2026 | 31 | $371.0M |
| Q4 2025 | 24 | $251.7M |
| Q3 2025 | 27 | $328.4M |
| Q2 2025 | 27 | $440.1M |
| Q1 2025 | 22 | $218.2M |
| Q4 2024 | 17 | $163.6M |
| Q3 2024 | 15 | $34.2M |
- JPMorgan Chase & Co+1.18M (+710%)
- BlackRock+857.4K (+4%)
- AQR Capital Management+732.3K (+869%)
- Morgan Stanley+253.7K (+39%)
- State Street Corp+251.2K (+7%)
- Citigroup−1.76M (-95%)
- Goldman Sachs Group−850.6K (-69%)
- Citadel Advisors LLC−520.1K (-89%)
- Vanguard Capital Management LLC−375.8K (-6%)
- Millennium Management−299.5K (-12%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 193 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
NEXT filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Oct 1, 2026 | - | Analysis | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Jul 13, 2026 | - | - | - |
| 4 | Jul 13, 2026 | - | - | - |
| 8-K | Jul 2, 2026 | - | Analysis | - |
| 8-K | Jun 18, 2026 | - | Analysis | - |
| 4 | Jun 16, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
| SC 13D | Jun 10, 2026 | - | - | |
| 8-K | Jun 3, 2026 | - | Analysis | |
| 4 | May 14, 2026 | - | - | |
| 10-Q | May 1, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | Apr 15, 2026 | - | Analysis | - |
| 4 | Mar 25, 2026 | - | - | - |
| SC 13G | Mar 24, 2026 | - | - | |
| 10-K | Mar 2, 2026 | Dec 31, 2025 | - | |
| 4 | Feb 3, 2026 | - | - |
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NEXT SEC filings: frequently asked questions
Which institutions hold NEXT stock?
As of June 30, 2026, the largest NextDecade Corp (NEXT) holders among the 13F filers tracked by SignalX were BlackRock ($179.6 million), Vanguard Capital Management LLC ($41.7 million), State Street Corp ($28.6 million), Vanguard Portfolio Management LLC ($18.7 million), Millennium Management ($17.0 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was NEXT's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), NextDecade Corp (NEXT) reported revenue of $0 and a net loss of $429.6 million. Diluted EPS was -$1.17. The figures come from the XBRL data in the 10-K.
What did NEXT report in its latest 8-K?
NextDecade Corp (NEXT) filed an 8-K on October 1, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). Giovanni Oddo resigned from NextDecade’s Board effective September 29, 2026.
What are the latest NEXT SEC filings?
NextDecade Corp (NEXT) filed its latest 10-K annual report on March 2, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on October 1, 2026 and a Form 4 insider filing on September 11, 2026.
What is NEXT's SEC CIK number?
NextDecade Corp (NEXT)'s SEC Central Index Key (CIK) is 1612720. EDGAR lists every NEXT filing under that number.
Ask anything about NEXT
The research agent reads NEXT's filings, financials, insider trades and 13F holders, then answers with sources.